Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research report released on Tuesday. The brokerage issued a hold rating on the aerospace company’s stock.

Several other analysts have also weighed in on TGI. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Finally, Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.78.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $25.49 on Tuesday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53. The business’s 50 day simple moving average is $23.65 and its 200-day simple moving average is $18.87. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.51.

Triumph Group (NYSE:TGI) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, equities analysts anticipate that Triumph Group will post 0.68 earnings per share for the current year.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Triumph Group

Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its stake in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 1,798 shares during the last quarter. Centiva Capital LP bought a new position in Triumph Group in the third quarter valued at $255,000. Finally, Capula Management Ltd acquired a new stake in Triumph Group in the 4th quarter valued at $297,000. Institutional investors own 94.53% of the company’s stock.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.